• Shiba Inu (SHIB) is experiencing a price surge fueled by both a massive whale transaction and growing optimism surrounding the project’s TREAT token and its upcoming Layer-3 blockchain development.
• Despite the uncertainty surrounding the whale movement, the positive developments within the Shiba Inu ecosystem appear to be the dominant influence on the current price rally.

The “Dogecoin killer,” Shiba Inu (SHIB), has been experiencing a notable price surge, capturing the attention of cryptocurrency enthusiasts. This rally coincides with a massive whale transaction of 3 trillion SHIB tokens, valued at roughly $79.94 million, sparking speculation within the Shiba Inu community.

Whale Movement Ignites Speculation

On-chain tracking platform Whale Alert flagged the transfer of 3 trillion SHIB tokens between two unidentified wallets. The sending address, “0x73a…4d935,” transferred the hefty sum to “0x2ef….2e204,” which is interestingly among the top 100 richest Shiba Inu addresses. This detail has intensified discussions about the motives behind the transfer and its potential impact on SHIB’s future price trajectory.

Beyond the Whale: TREAT Fuels Ecosystem Growth

While the whale transfer continues to be dissected by market analysts, another significant development within the Shiba Inu ecosystem is garnering attention. Shytoshi Kusama, the lead developer behind Shiba Inu, recently announced securing $12 million in funding through TREAT for the development of a Layer-3 blockchain.

Also Read: Shiba Inu Soars: Is This a Bullish Breakout or a Short-Lived Rally?

This milestone signifies Shiba Inu’s commitment to expanding its utility and fostering a robust ecosystem. TREAT, the project’s ecosystem reward token, is positioned as a critical component driving this growth and sustainability.

TREAT: A Token with Dual Utility

The introduction of TREAT represents a major leap forward for the Shiba Inu community. This token serves a dual purpose: functioning as both a governance token and a gas token on the upcoming Layer-3 blockchain. This imbues TREAT with tangible value for participants within the Shiba Inu ecosystem.

Lucie, Shiba Inu’s marketing lead, further emphasized TREAT’s role in incentivizing SHIB holders. By actively contributing to the ecosystem’s growth, SHIB holders can leverage TREAT to earn rewards and participate in governance decisions. This strategic integration highlights the collaborative nature of the Shiba Inu ecosystem, hinting at its potential for continued innovation and expansion.

Price Responds Positively

At the time of writing, the Shiba Inu price has climbed 3.09%, reaching $0.00002726. Additionally, its trading volume has witnessed a significant increase of 18.60% over the past 24 hours, reaching $751.73 million. Notably, the meme coin has gained nearly 20% in the last week, despite a 3% price drop over the past month.

While the long-term impact of the whale transfer remains uncertain, the positive sentiment surrounding TREAT’s integration and the overall growth of the Shiba Inu ecosystem appear to be driving the recent price rally.